Streetbeat News

Assets

AAPL

AMZN

GOOG

JPM

STLA

Power Corporation of Canada increased its stake in Apple Inc (AAPL) by purchasing over 172,000 shares in Q1, while selling its entire stakes in JPMorgan Chase & Co (JPM) and Alphabet Inc Class A shares (GOOG). The company also bought over 3.29 million shares of Stellantis NV (STLA) and reduced its holdings in Amazon.com, Inc. (AMZN).

Portfolio Pulse from Bhavik Nair

May 22, 2023 | 7:31 am

XOM

Exxon has acquired a lithium prospect in Arkansas, aiming to produce the metal in preparation for the increasing demand for electric vehicles, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

May 21, 2023 | 11:43 pm

AAPL

AMZN

GOOGL

META

MSFT

NVDA

QQQ

Anna Paglia, the managing director and global head of ETFs and indexed strategies at Invesco QQQ Trust, sees a bearish pattern in the Big Tech rally. The QQQ ETF has outperformed the S&P 500 by over 17% in 2023, but Paglia believes there's not a high conviction in the short term.

Portfolio Pulse from Bibhu Pattnaik

May 21, 2023 | 1:57 pm

CCL

NCLH

PLTR

RCL

TSLA

Last week, major indices ended in the green, with the Nasdaq Composite gaining 3.04%. Cathie Wood's Ark Invest purchased additional shares of Palantir Technologies (PLTR) as the stock reached a 1-year high. Cruise stocks, including Carnival Corp. (CCL), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean Cruises (RCL), are expected to benefit from increased spending in the coming months. Tesla (TSLA) CEO Elon Musk is predicted to remain in his position for at least five more years.

Portfolio Pulse from Michael Cohen

May 20, 2023 | 1:39 pm

AAPL

AMZN

Apple Inc. is actively pursuing top talent in the field of generative artificial intelligence (AI), as evidenced by numerous job ads on its career page. This comes amidst ambiguous signals from Apple concerning its stance on generative AI, with CEO Tim Cook expressing interest but emphasizing careful consideration. Meanwhile, Amazon.com, Inc. is also searching for senior software engineers and AI specialists.

Portfolio Pulse from Ananya Gairola

May 20, 2023 | 11:57 am

NKE

A whale has taken a bearish stance on Nike (NYSE:NKE) with 42 unusual options trades detected, 57% of which are bearish. The total amount for puts is $2,290,117 and for calls is $625,410. Whales have been targeting a price range of $105 to $140 for Nike over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 8:46 pm

PFE

A whale has taken a bearish stance on Pfizer (NYSE:PFE) with 14 unusual options trades detected. 35% of investors opened trades with bullish expectations, while 64% were bearish. Whales have been targeting a price range of $20 to $40 for Pfizer over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 8:46 pm

CRM

Unusual options activity has been observed for Salesforce (NYSE:CRM), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 43 uncommon options trades, with 39% bullish and 60% bearish sentiment. Whales have been targeting a price range of $125 to $250 for Salesforce over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 8:45 pm

ADP

Automatic Data Processing Inc. (NASDAQ:ADP) has seen its shares decrease by 3.78% in the past three months. The company's total debt stands at $2.99 billion, with net debt at $1.16 billion after adjusting for $1.83 billion in cash-equivalents. The debt-ratio is 0.05, indicating low financial leverage.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 8:30 pm

DMCY

TSM

The Democracy International Fund ETF (DMCY) aims to support democracies by investing in countries based on the Economist's Democracy Index ranking. The fund overweights democracies and underweights authoritarian states. As of March 2023, Japan, the UK, Canada, and France have the highest weights, while China is significantly underweighted. Taiwan Semiconductor Manufacturing Company Limited (TSM) and Nestle S.A. (NSRGY) are among the largest holdings in the portfolio.

Portfolio Pulse from Piero Cingari

May 19, 2023 | 8:23 pm